Suttons Electronic Repair Shop has budgeted the following time and material for 2020.

SUTTONS ELECTRONIC REPAIR SHOP Budgeted Costs for the Year 2020
		Time Charges			Material Loading Charges
Shop employees wages and benefits		$118,800
Parts managers salary and benefits						$25,400
Office employees salary and benefits		20,520				13,990
Overhead (supplies, depreciation, advertising, utilities)		28,080				20,200
Total budgeted costs		$167,400				$59,590

Suttons budgets 5,400 hours of repair time in 2020 and will bill a profit of $14 per labor hour along with a 21% profit markup on the invoice cost of parts. The estimated invoice cost for parts to be used is $101,000. On January 5, 2020, Suttons is asked to submit a price estimate to fix a 72-inch flat-screen TV. Suttons estimates that this job will consume 9 hours of labor and $300 in parts

Calculate the time-and-material price quotation for fixing the flat-screen TV.

Total price of labor and material

$